Some Silicon Valley investors are vocally backing Trump due to concerns about how the government is regulating cryptocurrency, its policies on AI and the threat of an increase in capital gains taxes.
For many years, Republicans and ardent supporters of former President Trump haven't been super popular in Silicon Valley circles. But the sentiment has shifted in recent weeks as conservative voices in San Francisco's tech sector have grown increasingly strident in their support of a Trump-Vance ticket.
Some tech investors also believe the continuation of the Biden administration would restrict innovation in emerging technologies, hindering the nation's ability to compete in the global tech race — and their own financial interests. They point to what they call unnecessary investigations by the U.S. Securities and Exchange Commission into crypto startups and the challenges crypto businesses face in getting financing from banks.
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The Uncanny Rise Of Silicon Valley's Trump WhispererI'm a senior writer at Forbes covering AI, defense and national security. I'm also the co-author of WONDER BOY: Tony Hsieh, Zappos and the Myth of Happiness in Silicon Valley, published by Henry Holt & Company. Contact me on Twitter at davidjeans2 or email me at djeansforbes.com. You can also send tips on Signal +1 347 559 5443.
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